Reported Chinese offer for Micron faces far too many hurdles
WASHINGTON/SAN FRANCISCO (Reuters) – A Chinese state-backed company’s plan to buy U.S. chip maker Micron Technology faces no shortage of obstacles – questions about the price, worries on Capitol Hill, an aggressive regulator – and any one of them could…
Yum Brands sales fall for fourth straight quarter as China woes continue
(Reuters) – Yum Brands Inc , the owner of Pizza Hut and KFC, reported its fourth straight quarter of falling sales, indicating that the company is still struggling to regain lost ground in China after a food scandal last year.
Reported Chinese offer for Micron faces far too many hurdles
WASHINGTON/SAN FRANCISCO (Reuters) – A Chinese state-backed company’s plan to buy U.S. chip maker Micron Technology faces no shortage of obstacles – questions about the price, worries on Capitol Hill, an aggressive regulator – and any one of them could…
Weak U.S. retail sales hint at slower economic growth
WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in June as households cut back on purchases of automobiles and a range of other goods, raising concerns the economy was slowing again.
IMF calls for Greece debt relief ahead of bailout vote
ATHENS/BRUSSELS (Reuters) – An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a …
Wall St. notches fourth straight advance as energy gains
(Reuters) – Wall Street gained for a fourth straight session on Tuesday, its longest winning streak since January, buoyed by the energy sector as oil prices rebounded from early declines.
Yum Brands sales fall for forth straight quarter as China woes continue
(Reuters) – Yum Brands Inc , the owner of Pizza Hut and KFC, reported its fourth straight quarter of falling sales, indicating that the company is still struggling to regain lost ground in China after a food scandal last year.
Ex-Inditex Group executive to replace Paul Marciano as Guess CEO
(Reuters) – Apparel maker Guess Inc said on Tuesday that Victor Herrero would replace co-founder Paul Marciano as chief executive in August.
For U.S. banks, depositors could spoil joy of higher interest rates
NEW YORK (Reuters) – Rising U.S. interest rates may not boost bank profits by as much as many executives and investors hope, JPMorgan Chase & Co Chief Executive Jamie Dimon said on Tuesday.
Talks under way with NHTSA to resolve recall issues: FCA CEO
(Reuters) – Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne said Tuesday the automaker is in talks with U.S. highway safety regulators to head off potential fines over the company’s handling of recalls involving 11 million vehicles.
